The individual is responsible for facilitating the account opening process for clients within the Markets sector. This role requires a meticulous approach to compliance, attention to detail, and the capability to manage stakeholder relationships effectively. The Officer will collaborate with various internal teams to ensure a seamless onboarding experience for clients, while adhering to regulatory requirements and company policies.
Key components of the role will include: • To support the team as a subject matter expert for more complex client onboarding requests and queries. • Act as support for team manager for reporting issues and team pipeline tasks • Manage the account opening process for new and existing clients for the Markets business • Ensure all necessary documentation is obtained and completed accurately • Coordinate with internal teams to ensure a smooth and efficient account opening process • Provide excellent customer service to stakeholders throughout the account opening process • Respond to client inquiries and resolve any issues related to the account opening process
Strategy
• Fostering and maintaining dialogue across the SCB global Markets on-boarding network to develop and enhance global client relationships and responding to client needs. • Identify key opportunities for process redesign, automation, and digitalisation to improve operational outcomes.
Business Onboarding • To be responsible for undertaking Due Diligence requirements to ensure adherence to relevant SCB policies on sub funds of Markets clients working with the Risk Control team to ensure all necessary Compliance risks are properly managed and records accurately maintained. • Responsible for supporting Markets Onboarding Manager and internal stakeholders for all Regulatory related onboarding matters in the Markets sector. • Ensure efficient and timely opening of Markets client accounts • Initiation of Account opening requests in relevant systems to enable trading accounts to be opened in the systems required to trade the relevant product and follow through any eCommerce mapping request as per client requirement. • Identify and escalate blockages in the on-boarding / maintenance processes. • Manage the end-to-end process of the relevant account setups and internal approvals.
Processes
• Working closely with Markets Onboarding Managers including Markets management to ensure requests are prioritised in line with Business demand. • Ensure that accounts and data is set up to achieve full operational readiness. • Liaise through the value chain to ensure all units engaged in Markets account opening readiness successfully complete. • Working closely with our Markets Operations group and other operational and administrative areas to ensure the timely set up of client trading infrastructure.
Risk Management • Due Diligence required to capture all data for a new sub fund opened under an existing IM
Governance • Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role. • Maintain the funds team database. • Assist with queries regarding the Static data and Markets Onboarding processes for clients. • Ensure that all systems are updated when a request is submitted to the relevant back-office teams. • Action relevant static data updates for Markets clients as per instruction from Markets Onboarding Managers.
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